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Will GM`s Tune-Up Work? (GM, TM)
The restructuring plan offered by General Motors is a good start to survive the recession and credit crisis, but equity holders may see more dilution when it is implemented.
Investopedia.com

Banks push Wall Street to six-year low
ANOTHER sell-off in large financial names pushed the Dow to its lowest point of the credit crisis and in roughly six years.
The Australian

BoJ to buy Y1,000bn of corporate bonds
The Bank of Japan stepped up measures to help embattled companies suffering in the credit crisis, with plans to buy up to Y1,000bn in corporate bonds and extend its emergency purchases of other assets from financial institutions
FT.com

Cash opens doors as China seeks resources - International Herald Tribune: Business
With the world suffering through a major credit crunch, China has suddenly gone shopping.
NewsRack

Dubai oil trading surges
Credit crisis prompts oil traders to move deals from bilateral market to the Dubai Mercantile Exchange, home of the Oman crude oil futures contract
FT

Answers To Questions On Economic Stimulus
President Barack Obama this week signed into law the $790 billion economic stimulus plan. The plan includes both spending programs and tax credits for millions of Americans. Many listeners had questions about the plan and NPR correspondents answers some of them.
NPR

H & R Block: H&R Block Helps Unscramble the Recovery Act Tax Code
KANSAS CITY, MO (MARKET WIRE) Now the real work begins. The direct impact of certain deductions and credits in the American Recovery and Reinvestment Act to individual taxpayers may take a few months or even a year to actually come to fruition. H&R Block (NYSE: HRB) puts the spotlight on several different provisions that can put money in taxpayers' pockets now and in the future.
Marketwire.com

Does Home Insurance Cover Your Bicycle?
With the credit crunch taking its toll on our finances, around one in five Brits would consider cycling to work according to a new survey. However, will our bikes be covered as part of our home insurance policies?
ezinearticles.com

Tamalpais Bank appoints new SVP for loan operations
Tamalpais Bank has appointed Karol Watson as its new senior vice president and loan operations manager, reporting to Larry Cretan, the bank's executive vice president/chief credit officer.
Banking Business Review

Fitch Cuts Ratings on Life Insurers
Fitch Ratings lowered its credit ratings on the life-insurance units of Principal, Genworth and Prudential, reflecting surging investment losses.
WSJ.com

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Archived "business - credit card" news stories.

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